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Operators Expect to Keep Expenditures Down

CHICAGO — Most drycleaners will try to keep equipment and supply costs steady this year, according to the StatShot panel, a group of industry operators tapped by AmericanDrycleaner.com to contribute financial information anonymously for use at the site.
Nationwide, operators said they expect their plants’ capital expenditures on equipment and supplies to increase 1.25%. Respondents in the Midwest led the increases with an expected 8.75% uptick in costs this year.
In the Northeast, results were mixed: Half of operators reported they expected to increase capital expenditures an average of 10% in 2008, while half expected to cut costs the same amount. Operators in the South and West said they expected no changes to expenditures in 2008.
To ensure accuracy, AmericanDrycleaner.com needs your help with future StatShot surveys. Responses are kept strictly confidential to protect proprietary financial information. E-mail drycleaner@crain.com today to join the survey panel!